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General Farm Management & Strategy
An accrual income statement contains one of the most important financial measures used by farms, net farm income. Because this measure is accrual, it measures the actual performance of a farm during the year.
Read MoreA market value balance sheet estimates asset values using current prices for similar assets. The market value balance sheet is relatively easy to derive, more comparable across farms, includes opportunity cost, and often required by lenders. The market value balance sheet allows us to examine the liquidation values of the assets.
Read MoreFarm operations often rely on consultants for a wide variety of services ranging from agronomic and animal nutrition services to tax and legal advice. But less common among farm operations is the use of a marketing advisor.
Read MoreAdding to our series about Farm Transition Planning, in this third Purdue Commercial AgCast episode, we discuss how to evaluate if the farm can add an operator or hired employee.
Read MoreAs a farm expands, it is important to evaluate the feasibility of adding an operator and/or hired employees as well as the feasibility of purchasing or renting additional land, and machinery and equipment. The feasibility of augmenting labor on a farm depends on two critical factors: gross revenue and profitability.
Read MoreRecorded August 12, 2020 | Purdue Extension and United States Department of Agriculture (USDA) experts gathered virtually on August 12 to discuss the results of the 2020 USDA crop report and the current status of Indiana’s major cash crops.
Read MoreRecorded August 7, 2020 | Purdue ag economists Todd Kuethe, James Mintert, and Michael Langemeier discuss the latest Purdue Land Values Survey and USDA’s Land Values report.
Read MoreFarmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118. Purdue ag economists James Mintert and Michael Langemeier review the results from the July 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers.
Read MoreFollowing our episode about Farm Transition Planning, we now take a closer look at some of the key areas of forming and executing a farm succession plan. To kick this series off, Purdue Agricultural Economists Michael Langemeier and Brady Brewer cover the topic of transitioning management of a farm from one generation to the next.
Read MoreRecorded July 13, 2020 | Purdue agricultural economists Michael Langemeier and James Mintert provide an updated ag outlook featuring information from USDA’s latest reports, balance sheet estimates, and updated crop condition information.
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